CTRA’s net profit grew 27% YoY to IDR669 billion in 3M25. This achievement is in line with revenue growth of 18% YoY to IDR2.7 trillion in 3M25.

The revenue growth was driven by growth in the property development segment by 23% YoY and the recurring segment by +1% YoY in 3M25.

CTRA posted marketing sales of IDR3.15 trillion in 3M25, which is equivalent to 29% of the FY25F target. This achievement reflects consumer demand and solid performance to achieve the FY25F marketing sales target.

Launching the Calamus Cluster at Citra Garden Bintaro is one of the drivers of 3M25 marketing sales.

CTRA’s geographically diversified product portfolio is a key advantage in the residential segment.

We maintain our buy rating for CTRA with the same fair value as in its previous company update: Rp1,320 (+36.79%).

By PHINTRACO SEKURITAS | Research
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